How to Buy Bitcoin and Crypto in Cyprus
What We Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
Trading Bitcoin Cryptocurrency and How to Buy Bitcoin and Crypto in Cyprus
To buy Bitcoin and other cryptocurrencies in Cyprus, you can follow these steps:
Choose a cryptocurrency exchange: There are several cryptocurrency exchanges available that allow users to buy, sell and trade cryptocurrencies. You can choose a reputable exchange that operates in Cyprus or accepts Cypriot customers. Some popular options include Bitstamp, Binance, and Kraken.
Create an account: Once you have chosen an exchange, you will need to create an account by providing your personal information and verifying your identity. This may require you to provide your ID card or passport and proof of address.
Add funds: To buy Bitcoin or other cryptocurrencies, you will need to add funds to your exchange account. You can do this by depositing funds from your bank account or using a credit or debit card. Some exchanges may also allow you to deposit funds using other cryptocurrencies.
Buy Bitcoin or other cryptocurrencies: Once you have added funds to your exchange account, you can buy Bitcoin or other cryptocurrencies by selecting the cryptocurrency you want to buy and the amount you want to spend. You can also choose to buy at the current market price or set a limit order.
Store your cryptocurrencies: Once you have bought Bitcoin or other cryptocurrencies, you will need to store them in a digital wallet. Many exchanges offer their own wallets, but you can also choose to use a separate wallet for added security.
Trade or sell your cryptocurrencies: If you want to trade or sell your cryptocurrencies, you can do so on the same exchange where you bought them. You can also transfer your cryptocurrencies to another exchange or wallet to sell or trade.
It’s important to note that cryptocurrency trading is a high-risk activity, and prices can be volatile. It’s recommended to do your own research and invest only what you can afford to lose. Additionally, it’s important to be aware of the regulations around buying and selling cryptocurrencies in Cyprus to avoid any legal issues.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at US$5–10 million.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Okex
- OKX (Chinese: 欧易), formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange. It was founded by Star Xu (徐明星) in 2017. OKX is owned by Ok Group, which also owns crypto exchange Okcoin. It is not available to US based investors. The company’s CEO is Jay Hao and CMO is Haider Rafique. Initially headquartered in Beijing, China, OKX is now under a blanket ban by Chinese regulators. On October 13, 2021, it issued a “Notice on Regulatory Policy in Mainland China”, announcing that it would continue its policy of “withdrawing from the Chinese mainland market” and would not establish an office or team in the region. However, according to Caixin, although the exchange officially announced that it would no longer set up an office in Mainland China, it still has a large number of R&D staff working in the region, including engineers, who continue to work for OKX in the form of third-party outsourcing companies.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.